THE PILOTED TURNAROUND OF SPICE JET Harvard Case Solution & Analysis

THE PILOTED TURNAROUND OF SPICE JET Case Solution

THE PILOTED TURNAROUND OF SPICE JET Case Solution

It was August 2014 when oil business declined to refuel the Spice-jet aircrafts pointing out payment problems, then to make matters more even worse for the currently bleeding airline company, ministry of civil air travel prohibited the airline company for advance selling of tickets. The business was on the brink of insolvency when Ajay Singh obtained the business in 2015. Ajay Singh turned the fortunes of the business in less than 2 years, from losses of 687 crore in 2015 the business handled to tape-record RS407 crore as earnings in 2016.